Snapchat's (SNAP) shares rose as early Q3 guidance surpasses expectations, boosting those of its competitors (10.86 +0.85). After reporting early Q3 revenue guidance of roughly +8% yr/yr, Snap (SNAP +8%) moved higher today.  Today's prediction is a welcome surprise since the social media giant stated last quarter that it would not provide official quarterly guidance owing to economic uncertainty. This is especially true given that as of late July, quarter-to-date sales growth was roughly flat. SNAP's other announcements were not as optimistic, despite the focus on its preliminary revenue forecast today. SNAP confirmed yesterday's rumors that it would let go of about 20% of its workforce and that Netflix (NFLX) had appointed two SNAP executives to run its advertising division. Last quarter, SNAP drastically reduced its employment rate as part of its plan to improve its declining free cash flow. Company restructuring continues. It is also important to note that sales g

This week after a huge market down day and a spike in volatility, we are heading into the most volatile Index ETF, QQQ , for an Iron Condor . Watch this video to get the trade details. Hope you enjoy it! Kal Trading Risk Disclaimer All the information shared is provided for educational purposes only. Any trades placed upon reliance of SharperTrades, LLC are taken at your own risk for your own account. Past performance is no guarantee. While there is great potential for reward trading stocks, cryptos, commodities, options, forex and other trading securities, there is also substantial risk of loss. All trading operations involve high risks of losing your entire investment. You must therefore decide your own suitability to trade. Trading results can never be guaranteed. SharperTrades, LLC is not registered as an investment adviser with any federal or state regulatory agency. This is not an offer to buy or sell stocks, cryptos, forex, futures, options, commodity interests or any

Today we cover GRFX day trade. This is a classic day trade pattern where price is up significantly in the premarket. Right after the open, price moved sideways, establishing a solid base near or above the VWAP (Volume-Weighted Average Price) for about 15-20 minutes. Eventually, price popped the intraday high/resistance level with some volume. Price stabilized above the breakout point and started trending, establishing a steady 30-degree-angle rising channel. Prior to the lunch hours, in our case just an hour later, price made a double top, and the rest of the morning session, price continued to move sideways. The double top, and the inability for price to break and move pass that resistance, suggested that the day trade was done and price would eventually pull back. That's what happened How to approach this scenario? Take profit (partial or full) and raise stops below the recent lows and/or the VWAP. In our case, we took some profit off the table and raised the stop a few penn

NVTA reported earnings today which was the catalyst that produced an explosive 270% move in 7 hours of trading. Impressive!!! We day traded it right out of the gate as the ticker was in our focus list. At midday, the intraday pattern was so strong that it prompted the initiation of a swing trade. By the end of the day NVTA had run from $2.50 to $9, reaching all three (3) swing trade targets in just a day... What a monster! Watch this video to get the technicals and what to expect moving forward. Good trading! Trading Risk Disclaimer All the information shared is provided for educational purposes only. Any trades placed upon reliance of SharperTrades, LLC are taken at your own risk for your own account. Past performance is no guarantee. While there is great potential for reward trading stocks, cryptos, commodities, options, forex and other trading securities, there is also substantial risk of loss. All trading operations involve high risks of losing your entire investment. Yo